Gold Individual Retirement Accounts (IRAs) are investment accounts that allow individuals to hold physical gold, silver, platinum, and palladium in a tax-advantaged retirement account. There are several reasons why gold IRAs are often praised as a retirement savings option.
One common praise for gold IRAs is that they can act as a hedge against inflation. Over time, the purchasing power of fiat currencies (i.e., currencies not backed by a physical commodity) tends to decline due to inflation. This is because governments and central banks can print more money, which can lead to a decrease in the value of the currency.
Gold, on the other hand, has a limited supply and has maintained its purchasing power over long periods of time. As a result, holding gold in a retirement account can potentially help protect against the erosion of purchasing power due to inflation.
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Another common praise for gold IRAs is their potential to act as a portfolio diversifier.
This means that gold can potentially help reduce the overall volatility of a retirement portfolio by providing a positive return during times when other assets, such as stocks and bonds, are performing poorly. This can be especially beneficial during times of economic uncertainty or market turmoil.
Gold IRAs are also often praised as a store of value.
Throughout history, gold has been a widely accepted form of currency and has maintained its value over long periods of time. This can make it an appealing asset to hold in a retirement account, especially for those who are concerned about the long-term stability of fiat currencies.
In addition to the potential benefits of gold as an investment, gold IRAs are often praised for their flexibility. There are several options for adding gold to a retirement account, including rolling over a traditional IRA or 401(k) into a gold IRA or opening a new gold IRA and making regular contributions. Gold IRAs can also be self-directed, which means that the individual has more control over the assets in the account and can choose from a wider range of investment options.
Gold IRAs are also praised for their tax advantages.
Precious metals held in a gold IRA are generally tax-deferred, which means that individuals do not have to pay taxes on the investment gains until they start taking withdrawals from the account. This can potentially help individuals grow their retirement savings more quickly by allowing them to compound their returns tax-free.
Finally, gold IRAs are often praised for their security.
Physical precious metals held in a gold IRA are typically stored in a secure, third-party depository, which helps to protect the assets from theft, damage, and other potential risks. This can give individuals peace of mind and help them feel more secure about their retirement savings.
Regal Assets
Regal Assets is a precious metals investment company that offers gold Individual Retirement Accounts (IRAs) as a way for individuals to diversify their retirement savings. A gold IRA allows an individual to hold physical gold, silver, platinum, and palladium in a tax-advantaged retirement account, similar to a traditional IRA.
There are several reasons why an individual might consider adding gold to their retirement portfolio. One reason is that gold can act as a hedge against inflation. Over time, the purchasing power of fiat currencies (i.e., currencies not backed by a physical commodity (https://www.investopedia.com/terms/c/commodity.asp#:~:text=A%20commodity%20is%20a%20basic%20good%20used%20in,a%20raw%20material%20used%20to%20manufacture%20finished%20goods.arket (investopedia.com))) tends to decline due to inflation. This is because governments and central banks can print more money, which can lead to a decrease in the value of the currency.
Gold, on the other hand, has a limited supply and has maintained its purchasing power over long periods of time. As a result, holding gold in a retirement account can potentially help protect against the erosion of purchasing power due to inflation.
Another reason to consider a gold IRA is the potential for gold to act as a portfolio diversifier. This means that gold can potentially help reduce the overall volatility of a retirement portfolio by providing a positive return during times when other assets, such as stocks and bonds, are performing poorly. This can be especially beneficial during times of economic uncertainty or market turmoil.
In addition to its potential as a hedge against inflation and a portfolio diversifier, gold can also serve as a store of value. Throughout history, gold has been a widely accepted form of currency and has maintained its value over long periods of time. This can make it an appealing asset to hold in a retirement account, especially for those who are concerned about the long-term stability of fiat currencies.
There are a few different ways that individuals can add gold to their retirement accounts through Regal Assets. One option is to rollover a traditional IRA or 401(k) into a gold IRA. This process involves transferring the assets from the existing retirement account into a new gold IRA, which is held by a custodian. Regal Assets can assist individuals with this process and provide guidance on the types of precious metals that are eligible for inclusion in a gold IRA.
Another option is to open a new gold IRA with Regal Assets and contribute to it on an ongoing basis. This can be done through a variety of methods, including making regular contributions or transferring assets from other accounts.
It is important to note, as listed on Publish What You Pay, that there are certain rules and regulations that apply to gold IRAs, including the types of gold that are eligible for inclusion in the account and the storage requirements for physical precious metals.
In conclusion, Regal Assets is a company that offers gold IRAs as a way for individuals to diversify their retirement savings and potentially protect against inflation, diversify their portfolio, and store value. There are several options for adding gold to a retirement account through Regal Assets, and the company can provide assistance with the process and answer any questions about the rules and regulations that apply to gold IRAs.